Chapter 243: Chapter 243 Las Vegas The Inexhaustible Gold mine
"Based on the current sales situation, we make about 50 dollars in gross profit per TV, so our annual gross profit can reach 20 million dollars."
"We have a loan of $6 million, which should be repaid within a year." Michael had a proud smile when talking about the TV factory's situation, because it was his business.
"By the way, Hardy, I ran for the congressman election, as a Democratic candidate for New York's 3rd District. The results will be out in mid November." Michael said with a smile.
"You're running for the Democrats?" Hardy asked.
"Yeah, is there a problem?" Michael looked at Hardy with a hint of doubt.
"No, it's all the same anyway."
California, where Hardy was based, was a Republican stronghold, while New York was a Democratic stronghold. A funny thought crossed Hardy's mind. If Michael could rise further and compete for the presidency against a Republican candidate supported by him, who would he support?
Who would he support then?
Haha.
Just thinking about it was interesting.
"How's the situation now?" Hardy asked.
"Pretty good, my votes are currently leading, and I have the highest support." Michael said.
Hardy thought to himself that, with the Corleone family backing him, the old Godfather knowing so many big shots, and their influence in New York, winning a state congressman position should be easy.
"I majored in editing in college, so I'm good with words, but a congressman needs to know a lot of things. I plan to further my studies in law and finance."
"I've already applied to New York University, hoping to get a permission to further my studies."
Hardy smiled, "With your ability, being a state congressman is no big deal. Further studies are a good choice, preparing for becoming a president in the future."
"Ha, president, I don't have such high aspirations yet." Michael laughed.
"Why not? Michael, you need to believe in yourself. Set your goals high and work towards them. Even if you fall short, you could still be a vice president or a governor."
"Michael, congressmen also need to be famous. How about I arrange an interview show for you? Participate in Irina's show, it will be great publicity. A retired officer, war hero, young entrepreneur, owner of the largest TV company in the US, and a congressman candidate. Many people will get to know you, Michael."
"I've seen Irian's Tonight Show, but from what I've seen of her, it seems like she's being a little ambiguous with you." Michael glanced at Hardy. Men love to talk about women the most.
"One of my women." Hardy admitted it frankly.
"Oh~ okay, that wasn't hard to guess. How many women are you going to have?" Michael teased.
"Hahaha, different personal preferences. I'm not going into politics, and I won't be getting married anytime soon, so having many women isn't a problem." Hardy shamelessly said.
Michael was speechless, he somewhat started to regret going into politic.
Two days passed.
The casino business remained hot.
Meyer came to find Hardy and said, "Hardy, MGM's shareholders want to meet you and discuss business."
"No problem." Hardy agreed.
He knew these guys were definitely interested in the booming casino business.
The next step was to talk business.
In the Hardy Grand Hotel lounge, Hardy met with several MGM shareholders, smiling and shaking hands with them, "How have you been enjoying yourselves these past few days?"
"Very good, just like the ABC advertisement said, Hardy Grand Hotel is a man's paradise." One shareholder said with a smile.
Hardy smiled back.
"Las Vegas initially thrived because of gold mines. After the gold ran out, people gradually left, but now a new gold mine has been discovered here. And it's a super large gold mine, inexhaustible and endless—gambling."
"Now, Hardy Grand Hotel has opened the first pit in this mine. Would you like to know the harvest of the past two days? My staff just reported the latest figures."
"Please tell us, Mr. Hardy." One MGM shareholder said.
"In the past two days, the casino's total turnover was $680,000, with a profit of $160,000. Just the prize draw alone brings in about $10,000 daily."
"Because there were many wealthy guests at the opening, the revenue might be higher these days. Taking an average value, even if the daily income is only $40,000, that's still $14.6 million annually."
Hardy's words were a bit exaggerated. The opening would naturally be busy, but he estimated that an annual income of over ten million dollars was achievable.
"This is just the beginning. The more people who come, the greater the output. In the future, I plan to add horse racing tracks, dog racing tracks, and organize the largest horse racing events in the US, attracting countless tourists."
"We currently expect to attract 500,000 people annually. If this becomes a large scale operation, it could attract tourists from all over the US. I estimate it could reach 3-5 million people within ten years, generating substantial revenue from both tourism and gambling."
The MGM shareholders eyes sparkled, as if they could see countless dollar bills flying towards them.
"I agree to the deal with Mr. Hardy, but Mr. Hardy must ensure MGM's investment safety in Las Vegas." The largest MGM shareholder said.
Hardy smiled.
"If you mean the government, I have a good relationship with the mayor of Las Vegas, and HD Security is responsible for Las Vegas' security."
"If you mean the gangs."
Hardy shrugged without saying anything.
But his meaning was clear to everyone in the room.
Here, he was the biggest underground king. Anyone wanting to cause trouble in Las Vegas would have to get past him first.
Its been a while since The Los City Company started to recruit and build a second gang in Las Vegas, and now it has started to take shape, further strengthening Hardy's control over Las Vegas.
...
ABC and MGM reached an agreement, with MGM acquiring 20% of ABC Television for $14.5 million.
Additionally, the two companies formed a deep cooperative relationship. MGM has the largest film library in Hollywood, and this library will now be open to ABC. Even if ABC aired a movie every night, it wouldn't run out of content for two years. If they aired a movie every week, it would last for ten years.